To address chip shortages, TSMC aims to construct a facility in Singapore

The Taiwan Semiconductor Manufacturing Company (TSMC) is said to be in talks with the Singaporean government about establishing a facility there.

TSMC is well known for producing Apple’s A-series and M-series chips, as well as AMD processors, but the company also makes display drivers and power management chip

which are in low supply due to COVID-19-related supply constraints. Apple has already spent $6 billion on supply limitations in the last two quarters, and that figure might rise to $8 billion.

The Singapore plant, according to the Wall Street Journal, would potentially help alleviate the shortage by producing more of these key chips.